The tower, which will include a hotel, business and commerce offices and public areas, is set to be built on Menachem Begin Road in Ramat Gan on an area owned by the Tel Aviv Municipality.

It will not include residential apartments due to its distance from the city's residential areas.

The planned tower

The district committee, which began discussion on the tower in June 2014, approved a recommendation by Tel Aviv's city engineer Oded Gvuli to raise the tower's height and allow it to spread over 166,500 square meter at its base on the ground.

To withstand the load of visitors and workers the building will also need to have 24 fast and spacious elevators, which was also approved by the committee.

The ground on which the skyscraper will be erected is an 11-dunam area which is currently being used as a parking lot.

The tower, planned by Miloslavsky architects, is expected to be finished in six years. When it is finished, it will outstrip the city's Moshe Aviv Tower as the highest building in Israel.

"A building such as this has yet to be built in Israel; it is a groundbreaking project," said Gvuli to Yedioth Ahronoth on Thursday, excitedly adding, "Our way of coping with the planning was at a strategic level, and the results speak for themselves. Now that it's been approved by the district committee, the public could file a petition against it for the next 60 days, after which we move to building it."

"This is the first time in Israel's history that the Finance Ministry's district committee approved the erection of a 100-floor building," Gvuli noted, saying that it will serve as a precedent and lead to more groundbreaking projects in the future.

The tower's visage was influenced by its location between three cities: Ramat Gan, Tel Aviv and Givatayim, and so is shaped to look like a triangular prism, with curved edges that are separated from each other, opening like a flower at the top.